NFJ Investment Group LLC Purchases New Position in Ford Motor Company $F

NFJ Investment Group LLC purchased a new position in Ford Motor Company (NYSE:F) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,483,605 shares of the auto manufacturer’s stock, valued at approximately $20,622,000.

Other large investors also recently added to or reduced their stakes in the company. Maripau Wealth Management LLC boosted its holdings in shares of Ford Motor by 1.6% in the 1st quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock worth $538,000 after purchasing an additional 749 shares during the period. Parkside Financial Bank & Trust raised its holdings in Ford Motor by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock valued at $144,000 after buying an additional 756 shares during the period. Robertson Stephens Wealth Management LLC lifted its position in Ford Motor by 1.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock worth $560,000 after buying an additional 761 shares during the last quarter. Southern Financial Group LLC lifted its position in Ford Motor by 2.3% in the first quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer’s stock worth $401,000 after buying an additional 776 shares during the last quarter. Finally, Bernicke Wealth Management Ltd. boosted its stake in Ford Motor by 2.0% during the second quarter. Bernicke Wealth Management Ltd. now owns 39,789 shares of the auto manufacturer’s stock worth $553,000 after buying an additional 792 shares during the period. 58.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on F shares. Wells Fargo & Company boosted their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. The Goldman Sachs Group raised their target price on shares of Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. UBS Group upped their price target on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.68.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $13.97 on Friday. The stock’s fifty day moving average is $14.13 and its two-hundred day moving average is $13.50. The company has a market capitalization of $55.71 billion, a PE ratio of -7.47, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. Ford Motor Company has a 52 week low of $11.11 and a 52 week high of $17.78.

Ford Motor (NYSE:F) last released its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The business had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter last year, the firm posted $0.37 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. As a group, analysts expect that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.